← LAUREATE INSTITUTE FOR BRAIN RESEARCH INC

Form 990 for tax year 2023

Filed by LAUREATE INSTITUTE FOR BRAIN RESEARCH INC.

Totals

Total revenue: $16,100,346
Total expenses: $15,647,048
Contributions and grants received: $15,390,670
Grants paid: $0
Program service revenue: $0
Investment income: $709,676
Other revenue: $0
Total assets, end of year: $24,497,837
Total liabilities, end of year: $4,518,150
Net assets or fund balances, end of year: $19,979,687
Program services expenses (Part IX): $11,373,690
Management and general expenses: $4,273,358
Fundraising expenses: $0
Program service expenses (Part III): $11,373,690

Program services were 72.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$7,710,222
1f · All other contributions, gifts and grants

$7,680,448
1g · Noncash contributions included above

$0
2a · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2b · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2c · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2d · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2e · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $406,173 · related or exempt $0 · unrelated business $0 · excluded $406,173
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $1,360,512 · other assets $205,000
7b · Less cost or other basis and sales expenses

securities $1,260,905 · other assets $1,104
7c · Gain or loss

securities $99,607 · other assets $203,896
7d · Net gain or loss

total $303,503 · related or exempt $0 · unrelated business $0 · excluded $303,503
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11b · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11c · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $1,330,040 · program services $327,460 · management and general $1,002,580 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $5,792,953 · program services $5,427,522 · management and general $365,431 · fundraising $0
8 · Pension plan contributions

total $207,796 · program services $207,796 · management and general $0 · fundraising $0
9 · Other employee benefits

total $523,377 · program services $461,333 · management and general $62,044 · fundraising $0
10 · Payroll taxes

total $457,543 · program services $379,066 · management and general $78,477 · fundraising $0
11a · Fees: management

total $456,072 · program services $416,179 · management and general $39,893 · fundraising $0
11b · Fees: legal

total $52,374 · program services $0 · management and general $52,374 · fundraising $0
11c · Fees: accounting

total $215,684 · program services $0 · management and general $215,684 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $32,707 · program services $0 · management and general $32,707 · fundraising $0
11g · Fees: other

total $1,615,550 · program services $1,525,489 · management and general $90,061 · fundraising $0
12 · Advertising and promotion

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $195,765 · program services $120,851 · management and general $74,914 · fundraising $0
14 · Information technology

total $865,179 · program services $353,450 · management and general $511,729 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $498,653 · program services $6,875 · management and general $491,778 · fundraising $0
17 · Travel

total $230,902 · program services $160,314 · management and general $70,588 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $47,283 · program services $42,633 · management and general $4,650 · fundraising $0
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $838,599 · program services $0 · management and general $838,599 · fundraising $0
23 · Insurance

total $154,489 · program services $0 · management and general $154,489 · fundraising $0
24a · Other expenses: RESEARCH SUBJECT EXPENSE

total $1,532,894 · program services $1,532,730 · management and general $164 · fundraising $0
24b · Other expenses: LAB SUPPLIES

total $243,241 · program services $242,884 · management and general $357 · fundraising $0
24c · Other expenses: REP., MAINT & NONCAP PLAN EX

total $162,403 · program services $92,854 · management and general $69,549 · fundraising $0
24d · Other expenses: RECRUITMENT

total $26,716 · program services $435 · management and general $26,281 · fundraising $0
24e · All other expenses

total $166,828 · program services $75,819 · management and general $91,009 · fundraising $0
26 · Joint costs (an allocation of the lines above)

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $4,939,774 · end of year $3,265,355
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $1,561,166 · end of year $1,638,553
4 · Accounts receivable

beginning of year $19,309 · end of year $13,529
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $526,052 · end of year $597,205
10a · Land, buildings and equipment: cost or other basis

$14,522,283
10b · Land, buildings and equipment: accumulated depreciation

$9,146,821
10c · Land, buildings and equipment, net

beginning of year $3,306,024 · end of year $5,375,462
11 · Investments: publicly traded securities

beginning of year $11,620,145 · end of year $12,984,372
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $1,001,351 · end of year $623,361
17 · Accounts payable and accrued expenses

beginning of year $3,198,727 · end of year $3,261,051
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $923,032 · end of year $647,756
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $988,222 · end of year $609,343
27 · Net assets without donor restrictions

beginning of year $3,933,023 · end of year $7,711,502
28 · Net assets with donor restrictions

beginning of year $13,930,817 · end of year $12,268,185
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO ENGAGE IN THE CONDUCT OF MEDICAL RESEARCH. TO DISCOVER AND DEVELOP KNOWLEDGE RELATING TO CAUSES, DIAGNOSIS, TREATMENT, PREVENTION, OR CONTROL OF THE PHYSICAL OR MENTAL DISEASES AND IMPAIRMENTS OF MAN.

LAUREATE INSTITUTE FOR BRAIN RESEARCH (LIBR) IS A MULTIDISCIPLINARY RESEARCH PROGRAM AIMED AT ILLUMINATING THE PATHOPHYSIOLOGY OF NEUROPSYCHIATRIC DISORDERS. LIBR AIMS TO DEVELOP NOVEL THERAPEUTICS, CURES AND PREVENTIONS TO IMPROVE THE WELL-BEING OF PERSONS WHO SUFFER FROM OR ARE AT RISK FOR NEUROPSYCHIATRIC ILLNESS. LIBR FOSTERS COLLABORATION AMONG SCIENTISTS, CLINICIANS, AND INSTITUTIONS ENGAGED IN RESEARCH THAT ENHANCES WELLNESS AND ALLEVIATES SUFFERING FROM MENTAL ILLNESS.

Expenses $11,373,690

As filed on the 2023 return.

Listed in Part VII

MARTIN PAULUS MD

PRES. & SCIENTIFIC DIRECTOR

Total calculated

$600,947

From this org

$560,519

From related orgs

$0

Other

$40,428

Hours/week

40

Schedule J breakdown matched by us

Base

$546,099

Bonus

$14,420

Other

$0

Deferred

$17,330

Nontaxable benefits

$23,098

Filer's total

$600,947
THOMAS E COOPER

DIRECTOR AND CEO

Total calculated

$0

Hours/week

10 + 0.5 related
CLIFF A ROBERTSON MD

DIRECTOR

Total calculated

$0

Hours/week

1 + 0.5 related
JOHN-KELLY C WARREN

CHAIRMAN

Total calculated

$0

Hours/week

1 + 0.5 related
MATT MEYER MD

DIRECTOR (AS OF 07/20/2023)

Total calculated

$0

Hours/week

1
PATRICK A MCKEE MD

DIRECTOR

Total calculated

$0

Hours/week

1 + 0.5 related
WILLIAM R YATES MD

DIRECTOR (UNTIL 01/19/2023)

Total calculated

$0

Hours/week

1
COLLEEN MCCALLUM

VICE PRESIDENT & COO

Total calculated

$401,632

From this org

$371,440

From related orgs

$0

Other

$30,192

Hours/week

40

Schedule J breakdown matched by us

Base

$314,893

Bonus

$56,547

Other

$0

Deferred

$21,150

Nontaxable benefits

$9,042

Filer's total

$401,632
JULIANNA P ADAMS

SECRETARY

Total calculated

$0

Hours/week

0 + 0.5 related
JUSTIN PIERCE

TREASURER (AS OF 07/20/2023)

Total calculated

$0

Hours/week

1 + 0.5 related
MICHAEL ROHAN PHD

CHIEF TECH OFFICER

Total calculated

$327,460

From this org

$295,040

From related orgs

$0

Other

$32,420

Hours/week

40

Schedule J breakdown matched by us

Base

$275,040

Bonus

$20,000

Other

$0

Deferred

$8,348

Nontaxable benefits

$24,072

Filer's total

$327,460
PAM A GLENN

TREASURER (UNTIL 07/19/2023)

Total calculated

$0

Hours/week

1 + 0.5 related
EVAN WHITE PHD

PRINCIPAL INVESTIGATOR

Total calculated

$214,523

From this org

$178,191

From related orgs

$0

Other

$36,332

Hours/week

40

Schedule J breakdown matched by us

Base

$144,743

Bonus

$33,448

Other

$0

Deferred

$13,096

Nontaxable benefits

$23,236

Filer's total

$214,523
RAYUS KUPLICKI PHD

DATA ANALYTICS LEAD

Total calculated

$167,530

From this org

$148,000

From related orgs

$0

Other

$19,530

Hours/week

40

Schedule J breakdown matched by us

Base

$147,500

Bonus

$500

Other

$0

Deferred

$10,488

Nontaxable benefits

$9,042

Filer's total

$167,530
RYAN SMITH PHD

PRINCIPAL INVESTIGATOR

Total calculated

$156,787

From this org

$142,107

From related orgs

$0

Other

$14,680

Hours/week

40

Schedule J breakdown matched by us

Base

$142,107

Bonus

$0

Other

$0

Deferred

$6,482

Nontaxable benefits

$8,198

Filer's total

$156,787
SAHIB KHALSA MD PHD

PHYSICIAN

Total calculated

$370,356

From this org

$308,168

From related orgs

$0

Other

$62,188

Hours/week

40

Schedule J breakdown matched by us

Base

$288,360

Bonus

$19,808

Other

$0

Deferred

$7,980

Nontaxable benefits

$54,208

Filer's total

$370,356
SALVADOR GUINJOAN MD PHD

SCIENTIST, RESEARCH CORE

Total calculated

$245,859

From this org

$211,789

From related orgs

$0

Other

$34,070

Hours/week

40

Schedule J breakdown matched by us

Base

$211,789

Bonus

$0

Other

$0

Deferred

$10,736

Nontaxable benefits

$23,334

Filer's total

$245,859

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Compensation committee
3 · Independent compensation consultant
3 · Written employment contract
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation: COMPENSATION FOR THE PRESIDENT AND OFFICERS IS SET THROUGH A STRUCTURED REVIEW PROCESS. THE PROCESS INCLUDES AN EVALUATION OF COMPARABLE SALARIES FOR COMPARABLE POSITIONS IN SIMILAR ORGANIZATIONS BY AN INDEPENDENT EXTERNAL FIRM. COMPENSATION ADJUSTMENTS ARE REVIEWED AND APPROVED BY THE DIRECTORS. THE LAST COMPENSATION REVIEW WAS PERFORMED IN 2023.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

LAUREATE MENTAL HEALTH CORPORATION

501(c)(3) · HEALTHCARE RESEARCH · OK

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 November 2024
IRS schema version: 2023v5.1
Source object: 202443199349312074

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